Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.018%

Price spread now: Aevo against OKX−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COIN-USDT-SWAP	197.63	0	get 0.0000% / 8h	5h 52m	$3.1M	$4.6M	20x
Short	Aevo COIN-PERP	197.57	0.0104	get 0.0013% / 1h	52m 04s	$117	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee AevobpOrdersPrice spread, now −0.031%Rate

Funding earned: $21.84
Price spread: −0.031% → 0.000%: −$3.11
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7.27
Costs to cover: 0.260%
Break-even: 9.3 days

Slippage unknown: OKX: live order book, 1 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 1 min ago	2.02 bp	12.6 bp −$13	22.0 bp −$220	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget COINUSDT	−0.0722%	8h	197.70	+0.035%	$6.3M	$10.1M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.69	−0.476%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0138%	8h	197.64	+0.005%	$1.2M	$7.0M	50x	as long as short
Vest COIN-USD-PERP	−0.0088%	1h	197.13	−0.253%	—	$284K	25x	as long as short
Aster COINUSDT	0.0000%	8h	197.77	+0.069%	$349K	$877K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	197.57	−0.031%	$119K	$697K	10x	as long as short
Binance COINUSDT	0.0000%	8h	197.60	−0.015%	$15.1M	$78.2M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	197.62	−0.005%	$4.9M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAPlong	0.0000%	8h	197.63	long leg	$3.1M	$4.6M	20x
Variational Omni COIN	0.0000%	8h	197.59	−0.022%	$817K	$905K	—	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.39	−0.120%	$14K	$2.1M	10x	as long as short
QFEX COIN-USD	+0.0016%	1h	197.62	−0.005%	$1.3M	$3.5M	10x	as long as short
Lighter COIN	+0.0032%	1h	197.58	−0.027%	$368K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	197.57	−0.030%	$450K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	197.47	−0.081%	$15K	$54K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	197.54	−0.046%	$15.7M	$13.3M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	197.44	−0.096%	$125K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	197.53	−0.051%	$91	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	197.22	−0.207%	$350K	$3.0M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	197.56	−0.035%	$995K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	197.36	−0.137%	$89K	$286K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	197.56	−0.035%	$571	$4K	10x	as long as short
Aevo COIN-PERPshort	+0.0104%	1h	197.57	−0.031%	$117	—	10x
Phoenix COIN	+0.0162%	1h	197.32	−0.157%	$5K	$281K	10x	as long as short
edgeX COINUSDC	+0.0312%	4h	197.38	−0.125%	$51K	$294K	10x	as long as short